Nelnet Campus Commerce worked with participating institutional partners to evaluate the impact of tuition payment plans are having on their campuses. The study concluded that institutions are positively impacted from the use of payment plans. With matriculation rate being more crucial than ever, offering a variety of ways to pay for education is important to students and parents.
- Student retention was impacted the most by payment plan usage – positively impacting the institution’s persistence rate.
- Students utilizing payment plans completed an additional six (6) credit hours over the course of their enrollment at a 2-year college and nearly 12 additional (11.73) hours during enrollment at 4-year institutions.
- On average, only 1 in 5 students utilize a payment plan, meaning the opportunity to increase their usage is substantial.
|
![[image] University Business logo](http://www3.universitybusiness.com/mailing/logos/ublogoNEW.png)
